BULIONS & ENERGY LEVELS FOR 24 MAY 2016

Yesterdays our Crude oil buy call booked around 3270 given buy at 3215-3220.

Bullions: Gold futures settled lower Monday for a fourth session in a row, as the expectation that the Fed could raise interest rates as soon as next month drove precious-metals prices to their lowest levels since late April.
Higher interest rates would presumably lift dollar demand, dampening buyer interest in dollar-priced precious metals. Rate hikes can also weigh on gold as the precious metal doesn’t pay interest. That tends to push investors toward higher-yielding alternatives when rates are on the rise.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	29350	29500	29800	29950	SIDEWAYS	29300-29900
Silver	39000	39300	40000	40300	SIDEWAYS	39000-39500

Energy: Oil futures trade sideways in morning session with buying from lower level pull the prices to intraday high .Next week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply-and-demand signals.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	3130	3190	3310	3360	BULLISH	3180-3290